Wells Fargo insurance license at risk after investigation

The California Department of Insurance is seeking to suspend or revoke Wells Fargo's licenses to transact personal insurance in California.

By Denny Jacob|December 06, 2017 at 07:45 AM

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Unfortunately for Wells Fargo's insurance practice, this is not its first offense. (Photo: AP Photo/Matt Rourke)

Wells Fargo was served with an accusation by the California Department of Insurance seeking to suspend or revoke its licenses to transact personal insurance for alleged improper insurance sales practices related to the company’s online insurance referral program.